Nizari Progressive Federal Credit Union
Overview / Commentary
Nizari Progressive Federal Credit Union is headquartered in Sugar Land and is the 69th largest credit union in the state of Texas. It is also the 811th largest credit union in the nation. It was established in 1989 and as of March of 2025, it had grown to 69 employees and 17,972 members at 5 locations. Nizari Progressive Federal Credit Union has an A health rating.
Field of Membership Restrictions
Nizari Progressive Federal Credit Union is open to anyone who is a regular member of the Shia Ismaili Nizari Muslim faith and who attends any of the Jamat Khanas located in the USA. Eligibility also extends to immediate family who are non-ismaili, and employees of the credit union.
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24384 |
| Year Chartered | 1989 |
| Employees | 69 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.42% |
| Return on Equity - YTD | 16.37% |
| Annual Interest Income | $5.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $437.1MM$373.3MM |
| Loans | Q1 2025vs Q1 2024 | $298.8MM$262.7MM |
| Deposits | Q1 2025vs Q1 2024 | $368.1MM$303.6MM |
| Equity Capital | Q1 2025vs Q1 2024 | $37.4MM$31MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $1.4MM$1.1MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $760K$514K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |